Riyadh, July 26 -- The Kingdom of Saudi Arabia (KSA) has officially published the full text of its revised real estate ownership law, enabling non-Saudis to acquire property under regulated conditions. The move forms part of broader economic reforms aligned with Vision 2030.

The law, approved by the Cabinet on Tuesday, July 8, and released in the Umm Al-Qura gazette on Friday, July 25, will come into force after 180 days. It repeals Royal Decree No. M/15 of 2000, Arabic daily Okaz reported.

Under the new system, foreign individuals, companies, non-profit organisations, and international bodies are permitted to own or hold real estate rights in areas to be designated by the Council of Ministers.

These rights include:

Full ownership

Us...